Eastern suburbs class based gym

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Business Description

This is not your traditional gym! This gym is best described as a group based fitness facility, which only opens for classes or prearranged private training sessions. Currently offering 35 sessions a week, this gym still has plenty of potential and room to grow.

Located on the fringe of the city and currently servicing 350 members, this gym captures a broad range of members aged from 18 to 65 years of age, at least 40% of which are females between 21 to 35 years old.

Offering a fun, friendly and down to earth environment, the current owners work part time on site and did not have a background in fitness prior to owning the business.

At a glance:

  • Well located studio on the fringe of the city
  • 350 current members
  • Offering 35 classes per week and only open for those classes
  • Broad range of clientele
  • Current owners work part time & had no prior fitness background
  • Down to earth, fun environment
  • Packed with potential

Melanie Winter 0408 085 932

 


Extended Price Information

Goodwill $229,000
Plant & Equipment $11,000
Stock at valuation (approx) $2,000
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$242,000


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Staff Summary

Two vendors work in the business part time with a number of contract and casual trainers and reception staff.

Lease Summary

Current Rent $3,714.98 per month including GST
Lease Term 3 years
Lease Commencement November 2014
Right of Renewal It is anticipated a purchaser will be granted a new lease on similar terms
Outgoings Paid by tenant
Adjustments 4% per annum
Bank Guarantee 3 months' rent

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